Sunday, September 19, 2021

Derby student development opportunity sold

A rare student development opportunity on Slack Lane has been sold.

The Derby site benefits from planning consent for the new student development, which compromises 44 rooms split into 9 apartments, over 3 floors.

Mark Richardson, partner at BB&J Commercial, had taken lead on the disposal of this prominent city-centre site.

He said: “I was absolutely delighted to firstly get a sale agreed on the site within a few days of marketing, and then to get the deal completed within a few short weeks. It has been one of the smoothest transactions I have known.

“The speed of the deal and all party’s commitment to seeing it through so quickly not only demonstrates the strong demand for student accommodation close to the expanding University of Derby in the city centre, but the underlying strength in the land market in general.”

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